Consider the following statements regarding the Indian Depository Receipts? 1. An IDR declares ownership of shares of a Foreign Company 2. The Shares in an IDR are held by an Indian Custodian 3. Using IDR, the Indian Residents get a chance to invest in a listed foreign entity Which among the above statements is / are correct?

Consider the following statements regarding the Indian Depo

1.	Consider the following statements regarding the Indian Depository Receipts? 1. An IDR declares ownership of shares of a Foreign Company 2. The Shares in an IDR are held by an Indian Custodian 3. Using IDR, the Indian Residents get a chance to invest in a listed foreign entity Which among the above statements is / are correct?
A.	Only 1
B.	Only 2
C.	Only 1 & 2
D.	Only 1 & 3
Answer» E.